Oireachtas Joint and Select Committees
Tuesday, 15 April 2014
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB
2:50 pm
Ms Ellvena Graham:
Technically, only about 50% of our loans get drawn down once we approve them. The figures that Mr. Brown mentioned earlier are actual drawdowns. That means it is actual money that customers have drawn down to use for the expansion or development of their businesses. We have not even talked about approval numbers yet. Typically, there are a lot more approved than get drawn down, so the Deputy's question is fair.